Tuesday, March 3, 2015
Goldman Sachs: Millennials Changing Economy, Want Non-Car Transportation Options
The Washington Post reported this past weekend on a Goldman Sachs study on Millennials, the generation born between 1980 and 2000 and totaling 92 million Americans, and what they value, some of which suggests increasing public demand and support for biking and walking transportation options.
Goldman Sachs argues that the Millennials will change the American economy and will force companies to examine how they do business for decades to come. Of note to bicycling advocates, Goldman Sachs reported that Millennials—nearly a third of whom say they do not plan to buy a car—are gravitating toward cities, where they can use public transit, car-sharing services, Uber, taxis, bicycles, and their feet to get around. Millennials also are very fitness focused, increasing the likelihood that they will want biking and walking options that include paths and trails that access public transportation and provide longer distance commuting networks.
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| 30% of millennials don't intend to purchase a car in the near future vs only 15% who think that car ownership is extremely important Image: Goldman Sachs |
Labels: car ownership, goldman sachs, millennials
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